Pearl Bank Apartment(old)

Overview

Unit Info

Sales

Rental

Surrounding

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Overview

Unit Info

Sales

Rental

Surrounding

More

Sale Price *

Average
S$ 1,399 psf
Range
S$ 1,399 - 1,399 psf

Rental Price **

Average
S$ 2.5 psf pm
Range
S$ 2.5 - 2.5 psf pm

Rental Yield **

2.2%

Rental income expressed as a percentage of the property's value.

Amenities

4.1
4.1

Convenience

4.2
4.2

Connectivity

Details

No data

*Based on URA sales data in the last 12 months. Otherwise, based on latest transaction. May not be representative.

**Based on URA rental data in the last 12 months. Otherwise, based on latest transaction. May not be representative.

Facilities
0 Facilities Available
Description
Pearl Bank Apartment(old) is a leasehold (99 yrs from 1970, 89 yrs from 1979) apartment completed in 1976. It is developed by ARECA INVESTMENT PTE LTD. The development occupies a land area of 7,653 sqm and a Gross Floor Area of 56,999 sqm. It consists of 280 units.

PEARL BANK APARTMENT(OLD) is located along Pearl Bank in Outram, in District 3. It is accessible through the nearest MRTs including Outram Park EW16, NE3, TE17 and Maxwell TE18.

Based on transaction data in the last 12 months, sale prices range from S$ 1,399 psf to S$ 1,399 psf at an average of S$ 1,399 psf. Its highest recorded transaction was S$ 1,118 psf in Jun 2011 for a 1,324-sqft unit. Its lowest recorded transaction was S$ 160 psf in Jun 2000 for a 2,185-sqft unit. Its current rental yield is at 2.2%. Other nearby amenities include: 3 Grocerie(s): WAN SIEW YOONG, HONG HENG SENG, FOODIE MARKET PLACE PTE. LTD., and 3 Shopping Mall(s): PEARLS CENTRE, PEOPLE'S PARK COMPLEX, CHINATOWN COMPLEX.

Buyers and tenants are attracted to District 3, which is comprised of Tiong Bahru, Alexandra and Queenstown. This district is located at the city fringe in the Central Region of Singapore and contains a good mix of public and private houses. District 3 is currently served by the East-West Line at Tiong Bahru MRT Station, Redhill MRT Station and Queenstown MRT Station. It takes approximately 10 minutes or less to commute from these stations to the Central Business District at Raffles Place MRT Station. Tiong Bahru is famous for its local food fare at the renowned Tiong Bahru Market & Food Centre. District 3 also houses an eclectic mix of specialty shops and heartland malls such as the Queensway Shopping mall and Tiong Bahru Plaza. On top of that, the world’s largest home furnishing retailer, IKEA, is situated at Alexandra road in Queenstown.

As a major financial and business hub, the Central Region stands as the dynamic city centre of Singapore. Spanning 13,150ha in land area, the region hosts Singapore's only UNESCO World Heritage Site and is home to many of the country's national monuments, such as the Merlion Park and Statue of Raffles. Although the region is designated mainly for commercial activities, it houses residential developments ranging from HDBs to bungalows. There is also plenty of greenery in the region, linked by 19km of park connectors. According to the Master Plan 2019, Orchard and Downtown will be rejuvenated as a lifestyle hub to include more mixed developments which offer live, work and play opportunities. New housing will be constructed in the Marina South Area with community facilities and amenities. Stage-6 of the Circle Line opening by 2025 will also enhance the Central Region's connectivity.
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What they say
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5
"Looking forward to see the completed built project, I don't feel like to rent it out, I want to stay inside to enjoy the project & surrounding"
A*** Q* Z****
Google Review     |   25 Jul 2022
5
"Former site of the now-demolished Pearl Bank Apartments."
M***** S**
Google Review     |   11 Jul 2022
4
"Looks promising"
M***** L**
Google Review     |   14 Apr 2022
5
"Unique design with Superior Views"
S****** T**
Google Review     |   31 Mar 2022
5
"Nice"
L**** S**
Google Review     |   28 Dec 2021
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Nearby Amenities
Source: URA,  www.edgeprop.sg
All Nearby Amenities

Within 500m

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SchoolSchool
Eat & ShopEat & Shop
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Floor Plans
No data
Size Distribution
Note: Estimated when over 70% of the unit sizes are known, may differ from actual unit size distribution.
Unit Mix

Sales Transaction of PEARL BANK APARTMENT(OLD) (Limited to 10)

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Area(sqft)
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Purchaser Address
Source

Asking Price of PEARL BANK APARTMENT(OLD)

Source: URA, https://www.edgeprop.sg

Listed On
Days in Market
Property Type
Bedrooms
Floor Area
Price (S$)
PSF (S$)
Agent NameAgent Mobile
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0 asking price for sale selected

Developer's Selling Prices

Note: Based on developer's monthly submission to URA

Source: URA, https://www.edgeprop.sg

Developer's Sales

Note: Based on developer's monthly submission to URA

Source: URA, https://www.edgeprop.sg

Price Trends

Volume Trends

No data
Rental Transactions of PEARL BANK APARTMENT(OLD)

Lease Start
Unit Size (Sqft)
Monthly Rent (S$)
Bedrooms
Monthly Rent (Est. S$ psf)
Street
Type
Source

Rental Trends

Average Rental Yield Analysis
*Based on transactions and rents in the past 6 months.
Unit Size (sqft)
Average Monthly Rent (S$)
Rental Contracts
Average Price (S$)
Transactions
Rental Yield (%)
Historical Quarterly Rental

Price Comparison with Nearby Properties (UP to 10)

(Within 1000 meters)

Note: *Based on URA Sales data in the last 12 months. **Based on URA Rental data in the last 12 months.

Marker
Project Name
Tenure
Completion Date
Distance (m)
Min Price* (S$ psf)
AVG Price* (S$ psf)
Max Price* (S$ psf)
Min Rental** (S$ psf pm)
AVG Rental** (S$ psf pm)
Max Rental** (S$ psf pm)
Rental Yield** (%)

Nearby Land Sales

StatusStreet NameLocationLand AttributesEstimated Breakeven
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Listings

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5
$1,388,000

    • 1 bed
    • 1 bath
    • Condominium
    • D3
    • 99 Years
    • S$ 2,630 psf
    • PEARL BANK
    Yong Jun Jason Tan
    send_enquiry

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    FAQs about PEARL BANK APARTMENT(OLD)

    What is the nearest MRT Station to PEARL BANK APARTMENT(OLD) ?
    The nearest MRT Station from PEARL BANK APARTMENT(OLD) is Outram Park NE3,EW16,TE17 MRT

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